7 Comments

  1. I’ll be interested to see how your Brickx experiment goes. My own investigations tell me that the fees are straight up ridiculous, and the people I’ve spoken too have said the same.

    I’d love to be wrong for the sake of all the people jumping on the bandwagon, but I don’t think I am

    • pia

      I agree with you! Their fees are quite crazy. But I fell in love with the concept and jumped a bit quicker with my heart than my head, tho not with a huge amount because luckily some sense prevailed. And the way I view micro-investing is that, it needs to be viable with small amounts of money. If it is not, or if the fees chew it all up then people should just ignore micro-investing and save up for bigger and better things which is why I only ever experiment with small amounts on these platforms.

  2. Thanks for contacting FirstStep. I looked at them and simply thought “another (more expensive) Acorns”. Focused portfolios might be interesting, depending on how diversified they are. I also like the sound of education, especially with an Aussie point of view. Will it be enough to entice me away from Acorns? Well, it doesn’t have to be an either/or situation, but in the interests of keeping our portfolio simple, I’ll also wait and see.

  3. Tim Kim @ Tub of Cash

    Thank you for sharing! I don’t live in Australia but I think Acorns is available here. There are various services/platforms like this and I think it’s tremendously helpful for the general population in helping them save money. Because it’s money that you don’t notice. The little change that’s left over here and there that do add up.

    • pia

      Yes, so instead of that little bit of money going to a coffee here or a lolly there, saving it up via Acorns or similar apps would definitely make a huge difference over the long run. Thank you for your comment – stoked that you made it over here!

  4. Miss Balance

    Great post! I hadn’t heard of a couple of these before so good to see what else is out there. I look forward to reading how your experiments turn out.

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